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Morris 60450
418 Nettle Street
$75,001
● House - Off Market

418 Nettle Street

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,334 Ft²
$89,665
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This could be a good investment or the perfect home if you're looking for a project. Large deep lot, newer furnace, hot water heater, and also offers central air. Attached 1 car garage, 3 spacious bedrooms & enclosed front porch. 13' X 16' living room, 15' X 12' dining room, 8' X 16' kitchen. This home will need updating which is reflected in the price. Currently receive $1,000 per month rent. (Being sold As-Is. Cash Only - No Inspection.)
Unit Size
1,334 Ft²
Days on Market
-
Land Size
-
Price per sqft
$67
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11727295)

Price History

Date / Event Date Event Price
Oct 3, 2023 Sold
Premium
Sold
Feb 28, 2023 Listed by RE/MAX Top Properties $90,000
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 1,334
  • Gross Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHAPINS SECOND ADDITION
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: CHAPINS ADD S70' LT 1 BLK 17 SEC 4-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-452-009
  • Block: 17
  • Lot: 1
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3596
  • Longitude: -88.4288

    Address

  • Full Address: 418 Nettle St
  • Address - House Number: 418
  • Address - Street Name: Nettle
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1745
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $385,328
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1039
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 89
  • Final Value: 81,918
  • High Value: 90,432
  • Low Value: 73,404

    Market Valuation

  • Market Total Value: $147,705
  • Market Land Value: $43,110
  • Market Improvement Value: $104,595

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,235
  • Assessed Land Value: $14,370
  • Assessed Improvements Value: $34,865

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Oct 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 622099
  • Previous Sale Recording Date: Oct 18, 2023
  • Previous Sale Contract Date: Sep 27, 2023
  • Previous Sale Amount: $75,001
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morris

Stats & Trends

Median Asking:

$307,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1933 ft²

Average Home Age

59 years

Currently For Sale

18 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: David Welter, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11727295
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 418 Nettle Street built and last sold?
The property at 418 Nettle Street was built in 1900 and last sold on Sep 27, 2023 for $53,333.
How much is this home worth?
The estimated value of the home located at 418 Nettle Street is $0.
What are some comparable homes to 418 Nettle Street?
There are currently no comparable homes to 418 Nettle Street.
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